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2015 New York Laws
BNK - Banking
Article 10 - (Banking) SAVINGS AND LOAN ASSOCIATIONS
380-E - Effect of usury.

NY Banking L § 380-E (2015) What's This?
 380-e.  Effect of usury. The knowingly taking, receiving, reserving,
  or charging by a savings and loan association of interest,  as  computed
  pursuant  to  this article, at a rate greater than such rate of interest
  as may be authorized by law shall be held and adjudged a  forfeiture  of
  the  entire  interest  which  the note or other evidence of debt carries
  with it, or which has been agreed to be paid thereon.  If  such  greater
  rate  of interest has been paid, the person paying the same or his legal
  representatives may recover from the savings and loan association  twice
  the  entire  amount  of  the interest thus paid. Nothing in this section
  shall be deemed to affect the powers of any savings and loan association
  with respect to loans or investments it is authorized to make.

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